Trump declares energy emergency; vows to boost oil output
- I am declaring a national energy emergency. We will drill, - announced the new U.S. President, Donald Trump. - America will once again become a manufacturing country, - he added.
- We have the largest amount of oil and gas among all countries on earth. We will use them. Prices will fall. We will fill our strategic reserves to the brim, and we will export our energy to the whole world, - Trump announced during his first speech after the inauguration.
Trump announces increased oil extraction
We will once again be a rich country. This liquid gold will help us in that. We will end the new green deal, - the politician added.
It is also expected that the U.S. will once again exit the Paris climate agreement.
Global markets react to Trump's inauguration
World financial markets reacted with increases to the anticipated inauguration of Donald Trump as President of the United States. Major stock indices in Asia and Europe recorded gains, while the U.S. dollar weakened against all major currencies, signalling a significant shift in investor sentiment.
